The April 2 edition of the REIT Report podcast featured Walt Rakowich on the topic of leadership during a time of crisis. Rakowich became CEO of ProLogis at the height of the economic downturn in 2008 and restored the company’s finances, enabling it to merge with AMB Property Corp. in 2011 to create Prologis, Inc. (NYSE: PLD).
REITs need to take a proactive stance to ensure they are ready to deal with activist investors that could emerge in the wake of the current coronavirus market uncertainty, according to a REIT corporate governance expert.
John Haggerty, co-chair, public M&A/corporate governance at Goodwin, told an April 2 webinar that activist investors see increased buying opportunities in the current environment “and are sitting on a lot of cash that has long-duration lockup, so they’ve got it there to use.”
In recent weeks, the mREIT sector has borne a disproportionate amount of liquidity-driven market turmoil triggered by the coronavirus crisis. With conditions showing signs of settling, for now, several Nareit mREIT members took a step back to give a first-hand account of what their companies have been dealing with.
As the world closes its doors, you can still stay connected with the latest industry news and views. In fact, there are plenty of real estate podcasts and webinars to help you keep your finger on the pulse of the industry.
Additionally, we’ve also included a handful of resources that, although they’re not broadcasting anymore, still provide a wealth of timeless and entertaining real estate content. So, sit back and listen to some of these top real estate podcasts. They may be just the thing to help you give your business a fighting chance during these uncertain times.
This podcast focuses on technology and innovation in real estate, including best practices you can adopt to boost your business. Although this podcast hosted by entrepreneur Kelly Mitchell stopped broadcasting in 2015, it still provides a wealth of evergreen information.
Host Rich Brooks shows entrepreneurs and business owners how to use search engine optimization (SEO), social media and other marketing tools to boost their online presence.
Hosted by best-selling author Pat Hiban, this podcast is run in a Q&A format to delve into the complexities of the industry. Tune in for plenty of sales and marketing tips for agents from Hiban, who also happens to run the Real Estate Rockers podcast.
Host Joe Fairless provides plenty of food for thought, including down-to-earth advice and tips to help entrepreneurs, investors and agents succeed in the industry. Fairless is also an avid YouTuber and blogger, in addition to regularly using Facebook Live, so check out his other channels for useful content, as well.
In this podcast, real estate agent Joshua Dorkin joins forces with investor Brandon Turner to share their tips and advice on the real estate investment game.
Providing some much-needed comic relief, host Eric Simon of The Broke Agent interviews real estate professionals and asks them to describe some of their weirdest experiences in the industry.
This podcast covers just about everything you need to know about the real estate industry, including prospecting, buying, selling, closing, wholesaling, flipping and much more.
Host Tyler Sheff shares his tips and tricks to help real estate professionals boost their investment portfolios and do more with what they already have.
This weekly podcast is run by — you guessed it — real estate coach Tom Ferry. These training sessions cover a range of topics, including how to improve your general, selling and market real estate skills.
A leading resource for real estate professionals, Commercial Property Executive’s webinars cover a broad range of topics, including innovation and investment options.
#11 GSD Mode
Entrepreneur and realtor Joshua Smith interviews leading agents in one of the most upbeat real estate podcasts available. His direct and informal style encourages his interviewees to share their secrets of success, which you can also see on Smith’s YouTube channel.
Real estate coach and mentor Jared James provides listeners with a range of practical tips to sell more. James also has a strong online presence — including YouTube training videos and Mastermind summits.
#13 Keeping it Real
One for the real estate brokers, this podcast looks at how difficult it is for new brokers to find mentors. In it, Host D.J. Paris, president of sales and marketing at Kale Realty, interviews successful agents who share their tips and tricks.
Hosts Kevin Kauffman and Fred Weaver share honest advice on how to boost your business in the here and now. With decades of experience under their belts, this is a highly insightful podcast.
This series of webinars covers a wide range of industry topics, including technology, news and trends that could affect your real estate business.
# 16 Onion Juice Podcast
If your real estate business is struggling, this podcast is filled with tips and tricks to help you grow your business. While the Onion Juice recently stopped broadcasting, it’s still a useful and relevant resource.
Brothers Corey and Casey Wright are second-generation brokers who share a wealth of marketing and sales expertise in their podcast. The podcast is insightful and entertaining for any real estate professional.
Hosted by leading broker Marty Green, this podcast and its complementary blog provide listeners with free online agent training. Subscribers receive helpful career advice and ideas to boost profitability.
This podcast features the latest industry news, tips and interviews. Hosted by real estate coaches Julie and Tim Harris, it’s suitable for both seasoned professionals and rookie real estate agents.
Covering the latest real estate news, this podcast helps entrepreneurs understand how to achieve their business goals.
Hosted by best-selling real estate author and agent Pat Hiban, this podcast focuses on profitability. Guests include the likes of Barbara Corcoran, Robert Kiyosaki and David Osborn.
Hosted by Patrick Lilly, this podcast covers a massive range of real estate tips, including selling strategies, marketing ideas and professional development.
Learn about the latest real estate trends, how to increase the value of your property and how to sell (just to name a few) in this podcast that is created by the National Association of Realtors (NAR) and hosted by Stephen Gasque.
Entrepreneur Toby Salgado interviews top real estate professionals, including Brian Buffini and Tom Ferry, in which they share their techniques and strategies for real estate success.
Brian Buffini hosts this podcast, which helps real estate professionals be successful.
Host Michael Bull covers all of the latest real estate industry news, interviewing economists, analysts and other professionals who share their insights into a range of fascinating real estate projects and topics.
In this weekly podcast, real estate industry pro Danny Morel shares his advice to help real estate professionals grow their businesses and find success.
Hosted by Mario Jannatpour (who also wrote the best-seller “The Honest Real Estate Agent”), this podcast explores lead generation ideas and what consumers want from real estate agents.
Host Seth Price gives you the inside scoop on the real estate market. In this podcast, he discusses technology and interviews marketing experts, thought leaders and top brokers, helping real estate professionals understand the best tools and trends to get ahead in the industry.
Agent Redefined founder, George Cuevas, covers everything you need to know about marketing your real estate business. There are even a few on-air margaritas while Cuevas shares his tips and tricks.
Hosted by Bestagents CEO, Ray Wood, this podcast features a series of interviews with top real estate agents. Guests share their stories and advice for success in selling real estate, marketing and winning listings.
Tom Ferry is a leading light in the real estate industry, and his podcast helps professionals find their path to success. With more than 30 years of experience, Ferry’s advice is clear, actionable and incredibly insightful.
Host Brad Inman interviews top real estate influencers, who share their industry tips and tricks in this insightful podcast series.
#34 YES Talk
In my opinion, I’ve saved one of the best real estate podcasts until last. This one is hosted by Kevin Ward, real estate agent and author of “The Book of YES: The Ultimate Real Estate Agent Conversation Guide”. Kevin provides a wealth of insightful tips, which feel more like a chat with a friend than a training course. covering the skills and strategies for realtors to succeed in the industry.
With the COVID-19 outbreak affecting businesses worldwide, managers find themselves unexpectedly having to lead their teams remotely, many for the first time. To make this transition as smooth as possible, try the tips below to keep everyone connected and productive.
Focus on Goals and Be Flexible
First, recognize the fact that your employees might not be able to give 100% during this period. For instance, some might have children staying home from school, elder family members to care for or grocery shortages to worry about. Understandably, they might feel overwhelmed by the situation that’s currently unfolding and, as a result, distractions may be amplified during these trying times.
To keep frustrations to a minimum on both sides, focus on goals and end results instead of on how and when certain tasks are completed. Additionally, offer your workers more flexibility to fulfill their tasks on their own terms.
Set Clear Expectations
Working from home should not add to the worries and uncertainty your employees might be dealing with right now. If you let everyone know what is expected of them from the start, you’ll avoid uncomfortable misunderstandings in the long run.
Agree on what the working hours will be, including when the work day begins and when it ends. Also, make sure everybody knows how fast they should answer calls and respond to emails to maintain and maximize collaboration.
Likewise, confirm that each employee knows what’s expected of them in terms of work tasks. Reassess priorities and consider everyone’s new, home-adapted workflow when scheduling deadlines. Some projects may be adjusted, while others absolutely cannot be delayed. Make sure everyone knows the difference.
Keep in Contact Regularly
Lack of communication is one of the main issues employees face when working from home. To avoid this and keep everyone updated, a Forbes article recommends using:
- Weekly one-on-ones with each employee, which are essential in the beginning. They can become less frequent once everyone is settled in, depending on their preferences.
- Weekly action reviews, which provide an opportunity for everyone to receive updates on current projects and find out who to contact in case they need extra information.
- An end-of-day short list of the tasks accomplished from each employee, which holds them accountable and keeps you up to date on everyone’s progress.
Moreover, remember that transparency is key during this time of uncertainty. Give updates in every weekly meeting, even when there’s not much to share. This will keep everyone focused and reassured that everything is on the right track.
Encourage Video Calls
While not everyone might be comfortable with video calls at first, there are plenty of benefits to using this channel of communication as opposed to relying only on phone calls or email.
Most importantly, you’ll be able to see everyone’s non-verbal cues, giving you a better picture of what they’re feeling or how well they’re handling the situation. Furthermore, you will encourage everyone to call from a quiet, professional space and change from their pajamas—which helps them get into the right mindset to focus on their work.
Ensure Access to Collaboration Apps
To make sure your employees stay connected to you, their peers and your clients, invest in quality WFH collaboration apps. For example, use Zoom or GoToMeeting for video conferencing, Google Docs to make sure everyone has access to the information they need, Microsoft Teams or Slack for instant messaging, and Jira for project management. If you need some ideas, here are 27 game-changing apps to consider.
Also, remember that isolation contributes to decreased morale. So, to keep the watercooler chit-chat going, create a chat room on your instant messaging platform of choice where everybody can share personal stories, photos and gifs. Colleagues who are used to working in the same office before the quarantine will appreciate the opportunity to reach their colleagues just as easily online.
Support Continuing Education
Just because your team is working from home doesn’t mean that learning has to stop. On the contrary, a slower work pace means more opportunity for your employees to develop new skills that can prove useful in the future. Support this continuing education and provide access to various online courses relevant to your team.
Along the same lines, use this time to organize brainstorming sessions and come up with new ideas that will improve products and increase revenue down the road.
Constantly Gauge Stress Levels
While many people can easily handle working from home for a week or two, a situation like this that is prolonged indefinitely can have serious effects on employee morale and engagement. Therefore, make sure your team knows that their well-being is a priority for you and the company.
For example, during the weekly one-on-ones, ask your team members how they’re doing and pay attention to non-verbal language as well. Harvard Business Review suggests asking each employee to rate their stress level on a scale from zero to 10. Then, using the same scale, rate their engagement level, as well. This gives you a more accurate, quantitative picture and helps you adjust your impressions.
Also, remember that you’ll have to be the voice of reason during these difficult times. Even though you might find the situation difficult, too, it’s your responsibility to keep up morale. To do this, keep criticism to a minimum and make a point to celebrate all victories—no matter how small. And, don’t forget that optimism is contagious.
Granted, this period will require you to adjust your management style to make sure everything runs as smoothly as possible. So, create an environment where everyone feels included, encouraged to contribute and safe to express their concerns. By doing so, you’ll offer your team the support they need to overcome these difficult times.
Working from home (WFH) isn’t some unique idea that just recently appeared. Telecommuting has been around since we’ve been able to communicate and conduct business at a distance. But, its recent explosion in popularity — whether that be out of necessity or ability — is striking. In fact, we’re currently in the largest work-from-home experiment in history.
In recent months, trends in Google searches for terms like “work from home” have spiked in popularity to the highest levels recorded since at least 2004. Interest in search terms is quantified by Google Trends using a scale of 0 to 100. The higher the number, the higher the interest, with 100 signifying peak interest in that term.
Google Trends Shows Spike Across U.S.
In particular, the trends for the term “work from home” in California, Washington, New York and Texas show how much of an influence the pandemic is having across the nation.
Washington state, which confirmed the first case of COVID-19 in the U.S. on January 20th, registered the highest popularity reading in our study on March 5th. With 70 cases of the virus reported at that time, residents started looking at working from home as a definite possibility, if not a necessity.
But it wasn’t just Washington. Indeed, the nation started taking this seriously with a noticeable uptick in searches beginning in early March. As news traveled, cities around the globe started taking various measures to slow the spread. We can see a general rise and fall across the country for the search term, but the trend is, undoubtedly, upward.
But working from home is not a new phenomenon. It’s actually been expanding across the nation — and the world — for years.
Colorado: Largest Percentage of WFH Workers
We compiled data on working from home from the U.S. Census Bureau. Specifically, we compared how the millennial cohort especially is adopting and transitioning to working from home and which professions were most common for WFH from 2014 to 2018 in all 50 states. Of the total U.S. labor force, 4.49% were working from home in 2014. Four years later, that number had increased to 5.34% — representing a total of 8.25 million people working from home.
The map below breaks down these statistics by state. Hover over the states for more details.
Colorado leads the nation with the highest percentage of WFH jobs at 8.56% — representing more than a quarter of a million people. Not far behind, 7.46% of the workforces in Vermont and Oregon have WFH jobs. However, in Vermont, that represents just over 24,000 workers, while in Oregon it’s nearly 150,000. California has the largest labor market, so it makes sense that it also has the largest absolute number of people working from home in the nation — more than 1.1 million, or 6% of all jobs in the state.
Fastest Growing WFH Workforce: South Carolina
The vast majority of jobs in the country are in a relatively small number of states. We took the top 20 states by workforce size and identified how WFH evolved between 2014 and 2018. In all cases, the number of people who worked from home increased at least 29% over that time period.
South Carolina experienced the largest growth in working from home with an increase of 58% in just four years. It was followed by Colorado, Nevada, Utah, Texas and North Carolina, all with growth rates greater than 40%. In most cases, the professions that experienced the most WFH growth were professional and scientific services, which management and administration fall under.
Millennial Remote Workers: Built for This
Millennials were built to work from home — maybe not as much as Gen Z, but Millennials are internet natives, nonetheless. So, it comes as no surprise that Millennials are the fastest–growing generation that’s working from home. Nationally, 4.61% of Millennials worked from home in 2018.
The interactive chart below shows the share of working Millennials that work from home in each of the previously listed states, by year. You can switch years using the tabs above the chart.
From 2014 to 2018, roughly 2,600 Millennials started working from home in Alaska and more than 17,000 in South Carolina — registering an increase of 67% in both states. Similarly, Louisiana, Nevada, Oregon, Utah, North Carolina, Tennessee and Colorado jumped by more than 50%. Notably, Utah also has the highest share of Millennials working from home at 7.68%, followed by Colorado at 7.4%. Surprisingly, Millennials in Oregon, which has the 30th largest workforce of the 50 states, have 7.1%.
Beneficial Trade-Offs of WFH
If more people are working from home, that means fewer are spending time in traffic every morning. So, how many hours per year could we save? Obviously, it varies by state and even city, but it works out to quite a lot. Think about your job. If you didn’t have to commute, how much time would you save? We broke it down by state averages.
But, saving time isn’t the only factor that affects your work-from-home experience. We’ve also included internet connectivity by state to see where access is optimum for internet–heavy activity. You can also check out the top cities for these metrics, as well.
The Future of WFH is Wide Open
Intuitively, all of this makes sense. Our interconnected world is increasingly allowing us to conduct more and more business virtually. Conferencing technologies like Slack, Zoom and Microsoft Teams make managing teams, clients and projects extremely easy. And, right now, we’re experiencing just how far we can push these technologies.
Interestingly, hardship has a way of breeding innovation and creation. Looking forward, it’s not hard to imagine a world that emerges from this crisis as increasingly more anti-local — further expanding the classification of traditional work-from-home jobs. As a result, we may start seeing occupations that had previously been dependent on physical presence begin to shift toward the comfort of your own home.
Keyword research from Google Trends.
All data obtained from U.S. Census Bureau 2014 – 2018 ACS – Means of Transportation to Work by Age.
“Millennials” defined using age range cohort 25 to 44.
All forms of commuting were used to calculate commuting time, including: car, public transit, biking, and walking.
The number of paid internet subscriptions by total number of households was obtained from the U.S. Census Bureau, 2018.